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"controlling interest in" is a correct and commonly used phrase in written English.
You can use "controlling interest in" when talking about a person or company having a significant ownership stake in another company. It can also refer to having the power to make decisions and control the operations of another company. Example: The billionaire investor acquired a controlling interest in the struggling tech company, giving him the power to make strategic decisions and turn the company around.
Exact(60)
Owns controlling interest in bank.
Mr. Wissman bought a controlling interest in IMG in 2003.
In addition, it owns a controlling interest in eLong, a Chinese online travel company.
In the spring, a British investment firm, Malvern Maritime, bought a controlling interest in Renaissance.
His family bought Reynolds & Reynolds in 1939 and maintained controlling interest in the company until 1992.
The Koc family owns a controlling interest in Migros, the country's largest retailer.
"That's the last piece that ensures that Larry has a controlling interest in what gets built".
Viacom's chairman, Sumner M. Redstone, has a controlling interest in Midway.
Hicks said in May that he would be willing to sell controlling interest in the Rangers.
The company, based in Santa Monica, Calif., has also purchased controlling interest in an Internet company, MediaTrip.com.
The Sulzberger family owns a controlling interest in the Times Company, as the Graham family does in the Post Company.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com